Pete Wargent blogspot

Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), and CEO of WargentAdvisory (providing subscription analysis, reports & services to institutional clients).

4 x finance/investment author - 'Get a Financial Grip: a simple plan for financial freedom’ (2012) rated Top 10 finance books by Money Magazine & Dymocks.

"Unfortunately so much commentary is self-serving or sensationalist. Pete Wargent shines through with his clear, sober & dispassionate analysis of the housing market, which is so valuable. Pete drills into the facts & unlocks the details that others gloss over in their rush to get a headline. On housing Pete is a must read, must follow - he is one of the better property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.

"Pete Wargent is one of Australia's brightest financial minds - a must-follow for articulate, accurate & in-depth analysis." - David Scutt, Business Insider, leading Australian market analyst.

"I've been investing for over 40 years & read nearly every investment book ever written yet I still learned new concepts in his books. Pete Wargent is one of Australia's finest young financial commentators." - Michael Yardney, Australia's leading property expert, Amazon #1 best-selling author.

"The most knowledgeable person on Aussie real estate markets - Pete's work is great, loads of good data and charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, and author of the New York Times bestsellers 'End Game' and 'Code Red'.

"Pete's daily analysis is unputdownable" - Dr. Chris Caton, Chief Economist, BT Financial.

Wednesday, 23 November 2016

Australians the world's 2nd richest

Oz in second spot

Which are the wealthiest countries in the world?

After Switzerland (US$562,000), comes Australia (US$375,600), according to the latest Credit Suisse Global Wealth Report. 

Australia actually scores higher still on a constant exchange rate basis at US$433,200.

Second in the world, how about that?


Spoiled Australians are in another world when compared with the global average of US$52,600.

And Credit Suisse sees no end to Australia's increasing wealth, predicting that it will rise by a further 34 per cent over the next five years.

Australia has "relatively low" wealth inequality, according to Credit Suisse, with only 11 per cent of adults having a net worth of under US$10,000.

This compares favourably with 22 per cent for the UK and 35 per cent for the US.

Morose Britons saw US$1.5 trillion of combined wealth wiped out by the Brexit referendum. 

Wealthy, and ultra-high net worth (UHNW)

1.1 million of us in Australia can call ourselves millionaires, slightly fewer than in the prior year, in part due to changes in the exchange rate with the greenback. 

Just 2,200 Australians had an ultra-high net worth of above US$50 million.

Only 18 per cent of Australia's household wealth is held in equities, reflecting the relative importance of housing.